Innovative solar arrays to address burgeoning
need
Momentus Inc. (NASDAQ: MNTS) (“Momentus”) and Ascent Solar
Technologies (Nasdaq: ASTI) (“ASTI”) today announced a new
partnership to jointly market leading-edge solar arrays utilizing
the low-cost Tape Spring Solar Array (TASSA) being developed by
Momentus and the high performance of Ascent’s flexible, lightweight
photovoltaic modules.
The rapid growth in the production and deployment of thousands
of satellites in space has led to the burgeoning need for low-cost,
reliable solar arrays with high performance. Momentus and Ascent
are excited to partner to market a leading-edge solar array
designed to provide key advantages to customers, such as low-cost,
resiliency with less degradation in the harsh environment in space,
flexibility, and the ability to efficiently generate large amounts
of power.
Building off the successes of the pathfinder demonstration of
TASSA that was launched to Low-Earth Orbit on the Vigoride-6
mission one year ago and tested in space for several months,
Momentus plans to add a high-power photovoltaic array as a
differentiated feature of the next iteration of the TASSA product
under development. Last year’s pathfinder TASSA demonstration
validated solar blankets from Ascent Solar Technologies (Nasdaq:
ASTI) (“ASTI”) as a mass efficient and robust power generation
solution. Momentus plans to incorporate in TASSA new higher
efficiency solar blankets from ASTI composed of space industry
optimized Titan Modules, providing even lower cost per kW of
power.
TASSA will continue to utilize Vigoride hardware with
spaceflight heritage to provide customers an entire array subsystem
complete with solar array rotation actuators and controllers. This
approach is oriented at streamlining mission schedules and
minimizing clean room bottlenecks during spacecraft assembly
integration and testing. TASSA is designed for responsive launch as
well as more efficient flatpack configurations which allow for more
satellites to fit within launch vehicle payload fairings.
“TASSA is designed to generate extensive power at very low cost
while minimizing mass and volume,” said Rob Schwarz, Momentus CTO.
“TASSA is intended to allow Smallsats to generate kilowatts of
power on orbit without breaking their mass, thermal, or cost
budgets. This design optimization also facilitates improved
satellite packing efficiencies and allows constellations to be
fielded quicker and cheaper.”
TASSA is also retractable and re-deployable, providing a means
for the minimization of cross-sectional area and array exposure if
notified of potential conjunction or other orbital hazards such as
space weather. This could enable TASSA to facilitate longer mission
durations and increased assurance of spacecraft operations on
orbit.
“Ascent’s flexible, lightweight photovoltaic modules are ideal
for the space environment,” says Paul Warley, ASTI CEO, “as our
CIGS products are resilient to radiation and other drivers of
degradation while operating in orbits between the Earth and the
Moon. For those designing space missions, this equates to more
end-of-life power with an order of magnitude less mass. We’re
excited to be the baseline power generation solution for TASSA and
look forward to continuing to collaborate with the Momentus team to
provide long-lived and sustainable solutions for proliferated space
architectures.”
ABOUT MOMENTUS
Momentus is a U.S. commercial space company that offers
satellite buses and technologies, as well as space services
including transportation, hosted payloads, and other in-orbit
services.
ABOUT ASCENT SOLAR TECHNOLOGIES, INC.
Backed by 40 years of R&D, 15 years of manufacturing
experience, numerous awards, and a comprehensive IP and patent
portfolio, Ascent Solar Technologies, Inc. is a leading provider of
innovative, high-performance, flexible thin-film solar panels for
use in environments where mass, performance, reliability, and
resilience matter. Ascent’s photovoltaic (PV) modules have been
deployed on space missions, multiple airborne vehicles, agrivoltaic
installations, in industrial/commercial construction as well as an
extensive range of consumer goods, revolutionizing the use cases
and environments for solar power. Ascent Solar’s research and
development center and 5-MW nameplate production facility is in
Thornton, Colorado. To learn more, visit
https://www.ascentsolar.com or follow the Company on LinkedIn and X
(formerly Twitter).
Forward-Looking Statements
This press release contains certain statements which may
constitute “forward-looking statements” within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding Momentus or its management team’s
expectations, hopes, beliefs, intentions or strategies regarding
the future, projections, forecasts or other characterizations of
future events or circumstances, including any underlying
assumptions, and are not guarantees of future performance. The
words “may,” “will,” “anticipate,” “believe,” “expect,” “continue,”
“could,” “estimate,” “future,” “expect,” “intends,” “may,” “might,”
“plan,” “possible,” “potential,” “aim,” “strive,” “predict,”
“project,” “should,” “would” and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
our current beliefs, expectations and assumptions regarding the
future of our business, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions.
Because forward-looking statements relate to the future, they
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of Momentus’ control. Many factors could cause actual
future events to differ materially from the forward-looking
statements in this press release, including but not limited to: the
ability of the Company to generate revenue and raise capital in
order to continue as a going concern; the ability of the Company to
obtain licenses and government approvals for its missions, which
are essential to its operations; the ability of the Company to
effectively market and sell satellite transport services and
planned in-orbit services; the ability of the Company to protect
its intellectual property and trade secrets; the development of
markets for satellite transport and in-orbit services; the ability
of the Company to develop, test and validate its technology,
including its water plasma propulsion technology; delays or
impediments that the Company may face in the development,
manufacture and deployment of next generation satellite transport
systems; the ability of the Company to convert backlog or inbound
inquiries into revenue; changes in applicable laws or regulations
and extensive and evolving government regulations that impact
operations and business, including export control license
requirements; the ability to attract or maintain a qualified
workforce with the required security clearances and requisite
skills; product service or product or launch failures or delays
that could lead customers to use competitors’ services;
investigations, claims, disputes, enforcement actions, litigation
and/or other regulatory or legal proceedings; the Company’s ability
to comply with the terms of its National Security Agreement and any
related compliance measures instituted by the director who was
approved by the CFIUS Monitoring Agencies; the possibility that the
Company may be adversely affected by other economic, business,
and/or competitive factors; and/or other risks and uncertainties.
These are only some of the factors that may affect the
forward-looking statements contained in this press release. For a
discussion identifying additional important factors that could
cause actual results to differ materially from those anticipated in
the forward-looking statements, see the company’s filings with the
U.S. Securities and Exchange Commission including, but not limited
to, “Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022.
The Company’s filings may be accessed through the Investor
Relations page of its website, investors.momentus.space, or through
the website maintained by the SEC at www.sec.gov. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and, except as required by law, the Company assumes no obligation
and does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events,
or otherwise.
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